Have you ever had a loan or credit card with Loans Direct?

You could be owed £1,000s in Loans Direct PPI compensation if you were mis-sold.

Many consumers were mis-sold PPI (Payment Protection Insurance) by Loans Direct, PPI was usually attached to a customer's policy by Loans Direct, in some cases without their knowledge. Loans Direct were known to disapprove a credit application if PPI was refused by the customer.

Loans Direct PPI wasn't all bad, it was intended to protect borrowers' from being unable to make repayments if they were unable to work due to illness or injury. The problem was how PPI was mis-sold by Loans Direct.

There are many examples of Loans Direct mis-selling PPI, some customers were not even made aware by Loans Direct that PPI was attached to their policy, and if the customer was made aware that PPI had been added, they were not informed by Loans Direct that it was optional.

A new PPI mis-selling factor called "Plevin", which means if over 50% of the PPI premiums you paid were set out as commission to Loans Direct, and this was not clarified to you at the point of sale, then you would be due PPI compensation from Loans Direct.

* PPI refunds obtained through our claims service, amount is prior to our fees plus VAT and any income tax.

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